$345,000
SOLD JUN 20, 2024
4 Beds
2 Baths
1,900 Sq Ft
0.41 Acres

Recently Sold

$182 Per Sq Ft

19% Below List Price

158 Days on Market

Highlights

  • Lake Front
  • No HOA
  • 2 Car Attached Garage
  • Open Floorplan
  • Family Room Off Kitchen
  • Walk-In Closet

About This Home

As of June 2024

Discover endless opportunities at this lakefront haven in Rainbow Lakes Estates! This home boasts modern elegance with its Renovated Kitchen and Bathrooms, NEW ROOF (4/12/24), NEW A/C Unit, NEW Water Tank, NEW Light Fixtures, NEW Ceiling Fans, and a FRESH coat of PAINT for both the Interior and Exterior. With NO HOA; this is not just a home but an investment opportunity. This property opens the doors to both long-term and short-term rental possibilities. Seize the chance to own not just a piece of real estate, but a gateway to a lifestyle defined by comfort and financial potential. The open floor plan concept was designed for entertainment and comfort. The kitchen is a culinary masterpiece featuring a large island, granite countertops and a convenient breakfast bar. The main living space seamlessly connects you to your backyard with sliding glass doors that open up to your brand-new deck. The 4-bedrooms offer versatile possibilities for growth, an office, workout space, or a guest retreat. Unwind on the screened-in lanai, sipping your favorite drink. As part of the Rainbow Lakes Estates community, you gain access to a host of amenities, including a dock, boat ramp, clubhouse, community center, fitness center, park, pavilion, pickleball/tennis courts, and basketball courts. Explore the great outdoors with ease, as public parks, state parks, community lakes, and hiking trails are within reach. This property places you just 21 miles from the World Equestrian Center, making it a prime choice for equestrian enthusiasts. Nature lovers will appreciate the proximity to Rainbow Springs State Park, a mere 9 miles away. The convenience of Crystal River, Ocala, Dunnellon, and Gainesville ensures that you're well-connected to the West Coast and vibrant city life. The perfect blend of luxury, comfort, and freedom awaits you at this lakeside retreat. Call today for a showing!

Last Agent to Sell the Property

Nikki Norman

KELLER WILLIAMS CORNERSTONE RE Brokerage Phone: 352-369-4044 License #3547784 Listed on: 12/12/2023

KELLER WILLIAMS CORNERSTONE RE

Last Buyer's Agent

Dawn Pagan

TROPIC SHORES REALTY LLC License #3430759

TROPIC SHORES REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,006

Year Built

  • Built in 1987

Lot Details

  • 0.41 Acre Lot
  • Lake Front
  • Northeast Facing Home
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,900 Sq Ft Home
  • Open Floorplan
  • Dry Bar
  • Ceiling Fan
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Luxury Vinyl Tile Flooring
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Private Mailbox

Schools

  • Romeo Elementary School
  • Dunnellon Middle School
  • Dunnellon High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rainbow Lakes Estate Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,006

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1900
  • Lot Size Acres: 0.41
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 2612
  • Lot Size Sq Ft: 17860
  • Directions to Property: Head North on US-41, Turn left onto SW Rainbow Lakes Blvd, SW Rainbow Lakes Blvd turns slightly right and becomes SW Shorewood Dr, Destination on left
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Escrow State: FL
  • List Office Head Office Key Nume: 1052300
  • RATIO Current Price By Calculate: 181.58
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 352-369-4044
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Dry Bar, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Street Number Modifier: 3512
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 176.52
  • Room Count: 6

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: BONABLE LAKE
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Access: Lake
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2008-08-28
  • Flood Zone Panel: 12083C0445D

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Romeo Elementary School
  • High School: Dunnellon High School
  • Middle Or Junior School: Dunnellon Middle School

Lot Info

  • Zoning: R1
  • Parcel Number: 1813-002-060
  • Additional Parcels: No
  • Flood Zone Code: A
  • Homestead YN: 0
  • Lot Size Square Meters: 1659

Green Features

  • Green Verification Count: 0

Tax Info

  • Tax Annual Amount: 5006
  • Tax Block: 2
  • Tax Book Number: G-007RAINBOW
  • Tax Lot: 60

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Jun 20, 2024
Sold by
Iem Enterprise Llc
Bought by
Hull Iiveng Trust and Hull
Seller's Agent
Nikki Norman
KELLER WILLIAMS CORNERSTONE RE
Buyer's Agent
Dawn Pagan
TROPIC SHORES REALTY LLC
List Price
$425,000
Sold Price
$345,000
Premium/Discount to List
-$80,000
-18.82%
Total Days on Market
158
Views
178
Current Estimated Value
$359,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,246
Avg. Annual Appreciation
4.30%
Original Mortgage
$345,000
Outstanding Balance
$342,405
Interest Rate
7.02%
Mortgage Type
VA
Estimated Equity
$16,841

Purchase Details

Closed on
Jan 11, 2022
Sold by
Wv 2017 1 Grantor Trust
Bought by
Wv 2017-1 Reo Llc

Purchase Details

Closed on
Jan 5, 2022
Sold by
Kathy Decesare
Bought by
Wv 2017-1 Grantor Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 Compass Title
Special Warranty Deed -- None Listed On Document
Special Warranty Deed $100 None Listed On Document
Certificate Of Transfer $200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,000 VA
Previous Owner $34,990 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $345,000 -4.2% $182 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/07/2024 05/07/24 Price Changed $359,999 -4.0% $189 / Sq Ft
04/17/2024 04/17/24 Price Changed $375,000 -3.6% $197 / Sq Ft
03/05/2024 03/05/24 Price Changed $389,000 -2.5% $205 / Sq Ft
01/19/2024 01/19/24 Price Changed $399,000 -6.1% $210 / Sq Ft
12/12/2023 12/12/23 For Sale $425,000 +136.1% $224 / Sq Ft
04/22/2022 04/22/22 Sold $180,000 -10.0% $95 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $199,900 -- $105 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,973 $268,283 $13,356 $254,927
2022 $4,618 $239,661 $11,909 $227,752
2021 $2,964 $159,873 $7,513 $152,360
2020 $2,715 $143,497 $7,234 $136,263
2019 $2,564 $138,461 $5,565 $132,896
2018 $2,331 $132,373 $5,843 $126,530
2017 $1,987 $99,403 $6,956 $92,447
2016 $1,808 $86,014 $0 $0
2015 $1,736 $80,963 $0 $0
2014 $1,615 $78,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM669298

Stellar MLS

APN: 1813-002-060